Dubai debt woes may trigger correction
China Daily | Updated: 2009-11-28 07:27
|
Stock prices fell across the world after the Gulf nation decided to reschedule its debt repayments. Jack Dabaghian |
Templeton Asset Management Ltd's Mark Mobius said Dubai's attempt to reschedule debt may cause a "correction" in emerging markets, compounded by Vietnam's currency devaluation and an "avalanche" of initial share sales.
Photo
